00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Starbucks will discontinue its Oleato line of olive oil infused beverages in U.S. stores
00:07in early November.
00:09The decision was made prior to Brian Nichols' appointment as CEO.
00:13The move aligns with Nichols' goal to streamline the menu, which is part of his larger strategy
00:17to return to fundamentals amid declining sales.
00:20The Oleato line infused Partana olive oil into popular beverages.
00:25Despite Schultz's high praise, U.S. reviews were mostly critical, and some customers reported
00:30laxative effects.
00:31The Oleato drinks will remain available in cafes in China, Italy, and Japan.
Comments